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Trump, rates, climate and debt

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The past month reminded us that global markets are rarely calm for long. President Donald Trump’s repeated attacks on the US Federal Reserve have reignited debate over interest rates, as new fears swirl about climate-driven financial risk and the sustainability of the United States’s soaring debt.

Trump made headlines with a renewed push to pressure the Fed to slash interest rates to 1%, describing Fed chair Jerome Powell as a “stubborn mule” and openly preparing to replace him.

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